WoodTrust Financial Corp Purchases 3,484 Shares of Accenture plc (NYSE:ACN)

WoodTrust Financial Corp boosted its holdings in shares of Accenture plc (NYSE:ACN) by 418.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,316 shares of the information technology services provider’s stock after purchasing an additional 3,484 shares during the period. WoodTrust Financial Corp’s holdings in Accenture were worth $1,518,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ACN. Morse Asset Management Inc bought a new position in shares of Accenture during the third quarter valued at approximately $25,000. FPC Investment Advisory Inc. increased its position in Accenture by 62.2% during the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock valued at $28,000 after purchasing an additional 28 shares during the period. MidAtlantic Capital Management Inc. purchased a new stake in shares of Accenture in the 3rd quarter worth about $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Accenture during the 4th quarter valued at about $30,000. Finally, POM Investment Strategies LLC increased its position in shares of Accenture by 64.2% during the fourth quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock valued at $31,000 after buying an additional 34 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Activity at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 8,793 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $394.47, for a total transaction of $3,468,574.71. Following the completion of the sale, the chief executive officer now directly owns 11,858 shares of the company’s stock, valued at approximately $4,677,625.26. This represents a 42.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Melissa A. Burgum sold 232 shares of Accenture stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $394.46, for a total transaction of $91,514.72. Following the transaction, the chief accounting officer now owns 8,915 shares in the company, valued at $3,516,610.90. This represents a 2.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,280 shares of company stock worth $8,316,190. 0.02% of the stock is owned by insiders.

Accenture Stock Performance

Shares of NYSE ACN opened at $345.84 on Wednesday. The firm’s 50-day moving average price is $366.68 and its 200-day moving average price is $358.37. Accenture plc has a 52-week low of $278.69 and a 52-week high of $398.35. The company has a market cap of $216.42 billion, a PE ratio of 29.01, a PEG ratio of 3.23 and a beta of 1.24. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $3.43 by $0.16. The business had revenue of $17.69 billion during the quarter, compared to the consensus estimate of $17.15 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.27 EPS. As a group, analysts anticipate that Accenture plc will post 12.73 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on ACN. The Goldman Sachs Group raised Accenture from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $370.00 to $420.00 in a research report on Friday, December 6th. StockNews.com upgraded Accenture from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. Stifel Nicolaus decreased their price objective on Accenture from $390.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. UBS Group boosted their target price on shares of Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a report on Friday, December 20th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $370.00 price target on shares of Accenture in a research note on Tuesday, December 3rd. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $388.96.

About Accenture

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.